Wells Fargo & Company Issues Pessimistic Forecast for Oaktree Specialty Lending (NASDAQ:OCSL) Stock Price

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) had its price target dropped by Wells Fargo & Company from $15.00 to $14.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an "equal weight" rating on the credit services provider's stock. Wells Fargo & Company's price objective points to a potential downside of 5.28% from the company's previous close.

A number of other equities research analysts have also recently issued reports on OCSL. JPMorgan Chase & Co. cut their target price on Oaktree Specialty Lending from $15.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday. Keefe, Bruyette & Woods cut their price objective on shares of Oaktree Specialty Lending from $16.50 to $15.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $16.00.

Oaktree Specialty Lending Stock Performance

Shares of NASDAQ:OCSL traded up $0.10 during trading on Monday, reaching $14.78. 43,421 shares of the company's stock traded hands, compared to its average volume of 744,856. The stock has a market capitalization of $1.22 billion, a P/E ratio of 22.10 and a beta of 0.84. Oaktree Specialty Lending has a 12 month low of $12.50 and a 12 month high of $19.95. The company has a 50 day moving average of $15.10 and a 200-day moving average of $15.56. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.30 and a quick ratio of 0.30.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last posted its earnings results on Tuesday, February 4th. The credit services provider reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. The company had revenue of $86.65 million during the quarter, compared to analyst estimates of $91.93 million. Oaktree Specialty Lending had a return on equity of 12.07% and a net margin of 14.75%. The business's revenue was down 11.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.57 earnings per share. On average, equities analysts expect that Oaktree Specialty Lending will post 2.06 EPS for the current year.

Institutional Trading of Oaktree Specialty Lending

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Confluence Investment Management LLC increased its stake in shares of Oaktree Specialty Lending by 0.5% during the fourth quarter. Confluence Investment Management LLC now owns 130,410 shares of the credit services provider's stock valued at $1,993,000 after acquiring an additional 689 shares during the period. Mandatum Life Insurance Co Ltd boosted its stake in Oaktree Specialty Lending by 2.3% during the 4th quarter. Mandatum Life Insurance Co Ltd now owns 36,915 shares of the credit services provider's stock valued at $564,000 after purchasing an additional 830 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Oaktree Specialty Lending by 3.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 29,419 shares of the credit services provider's stock valued at $452,000 after purchasing an additional 848 shares during the period. Jackson Hole Capital Partners LLC raised its stake in shares of Oaktree Specialty Lending by 10.9% in the 4th quarter. Jackson Hole Capital Partners LLC now owns 18,651 shares of the credit services provider's stock worth $285,000 after buying an additional 1,830 shares in the last quarter. Finally, Guggenheim Capital LLC lifted its holdings in shares of Oaktree Specialty Lending by 7.9% in the fourth quarter. Guggenheim Capital LLC now owns 27,234 shares of the credit services provider's stock valued at $416,000 after buying an additional 1,983 shares during the period. 36.79% of the stock is currently owned by institutional investors.

Oaktree Specialty Lending Company Profile

Oaktree Specialty Lending Corporation is a business development company. The fund specializing in investments in middle market, bridge financing, first and second lien debt financing, unsecured and mezzanine loan, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, preferred equity, and management buyouts in small and mid-sized companies.

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